NuScale Power (NYSE:SMR) Shares Up 2.5% - What's Next?

Shares of NuScale Power Co. (NYSE:SMR - Get Free Report) shot up 2.5% during trading on Wednesday . The stock traded as high as $15.16 and last traded at $15.01. 1,440,935 shares were traded during mid-day trading, a decline of 82% from the average session volume of 8,095,976 shares. The stock had previously closed at $14.64.

Wall Street Analyst Weigh In

Separately, UBS Group lowered their price target on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, March 7th.

NuScale Power Trading Down 11.1 %

The company has a 50 day moving average of $19.49 and a 200 day moving average of $19.64. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of -13.23 and a beta of 1.58. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26.

Insider Activity

In other NuScale Power news, CFO Robert Ramsey Hamady sold 31,496 shares of NuScale Power stock in a transaction on Friday, March 7th. The stock was sold at an average price of $15.70, for a total value of $494,487.20. Following the completion of the transaction, the chief financial officer now owns 29,985 shares in the company, valued at approximately $470,764.50. The trade was a 51.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jacqueline F. Engel sold 24,618 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total value of $357,453.36. Following the sale, the vice president now owns 1,149 shares in the company, valued at $16,683.48. The trade was a 95.54 % decrease in their position. The disclosure for this sale can be found here. 1.96% of the stock is owned by corporate insiders.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC bought a new position in shares of NuScale Power in the fourth quarter worth about $33,000. Venturi Wealth Management LLC raised its position in NuScale Power by 313.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock worth $35,000 after purchasing an additional 1,500 shares during the last quarter. Toth Financial Advisory Corp lifted its holdings in NuScale Power by 600.0% during the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company's stock worth $38,000 after buying an additional 1,800 shares in the last quarter. Twin Tree Management LP bought a new position in NuScale Power in the 4th quarter valued at $42,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of NuScale Power in the 3rd quarter valued at $44,000. Institutional investors and hedge funds own 78.37% of the company's stock.

About NuScale Power

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.